Europe is Running Out of Jet Fuel

1. Jet fuel: Europe is running out of jet fuel.

GS

2. AI app revenue: AI is going mobile incredibly quickly.

A16Z

3. Cattle: Live Cattle prices have surged +525% since 2022.

Hedgeye

4. AI CapEx exceeding defense: Morgan Stanley now sees capital spending by the five largest AI ‘hyperscalers’ topping $800 billion this year and $1.1 trillion next year. At 3.3% of gross domestic product, next year’s figure would exceed projected spending on national defense.

Grep IP

5. Credit: Delinquent credit card balances about to surpass financial crisis record.

zerohedge